One of the founders of
MySpace
has backed an interactive online video gaming community allowing users to trade
games, swap cheats and share tips and thoughts via blogs.
Los Angeles-based
SaySwap,
which claims to be the first social network for gamers, uses a virtual currency
based on trading tokens to exchange games.
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MySpace founder Brad Greenspan is backing the new venture through his
LiveUniverse
company established to nurture video, entertainment and social networking
properties.
Mark Elfenbein, chief executive at SaySwap, said: "I had become frustrated
with the lack of good titles at game rental stores and the steep $50+ cost of
new games.
"This long-overdue service allows players to trade away their old games to
acquire the games they want to play."
Elfenbein has a track record in the business. He co-founded
SkillJam
Technologies, a pay-for-play gaming site with over 12 million registered
users, which was sold to
Liberty
Media in March 2006.
SaySwap registration is free, and users are allocated an initial 30 purchase
points.
"Players of practically any console or device can interact with peers from
around the globe to trade games for a mere fraction of the price they would pay
at a traditional retailer," said Elfenbein.
SaySwap is also entering into a white label partnership with
CheatCodes.com,
a one million strong cheat code sharing community.
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